54/172 William Street, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

54/172 William Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 71m2
Land area: 728m2
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Last updated 2 Mar 2026
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Property Details for 54/172 William St, Melbourne

54/172 William St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1967. The property has a land size of 728m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in January 2022.

Building Type
Unit
Year Built
1967
Floor Size
71m2
Land Size
728m2
Local Government
Melbourne
Lot/Plan
54/PS406047

Last Listing description (January 2022)

Recently refurbished, this spacious two bedroom apartment is in a prime location in the heart of Melbourne's CBD with just a short stroll to quality retail shops, cafes, bars and restaurants and minutes away from Bourke Shopping Mall, Etihad Stadium, Queen Victoria Market as well as Southbank's Crown Entertainment Centre and Docklands.
The apartment offers a U-shaped kitchen with stainless steel appliance, electric cooktop, dishwasher and loads of storage, living and dining area, master bedroom with built in robes, double second bedroom, large bathroom with shower over bath and European laundry.
The quality building provides residents with designated floor lift access, video security and a convenient Melbourne address with public transport at the doorstep.


All in all, this apartment would appeal to the astute investor with little to do, but also with the ability to secure a leased with Quest until 2023 with a further 3 Terms
Summary of the details are as follows:
3% rental increases per annum until 2023!
Quest pay Council, Water & Owner Corporation Admin Levies!
• Current Rent: $1,819.29 ($21,831.47 annum)
Lease Terms: Lease to 9th Jan 2023 with 3 x 5 year options

Rent Income per annum:
Jan 2020- $22,486.41 pa
Jan 2021- $23,161.00 pa
Jan 2022- $23,855.83 pa
Next Market Review 2023
Inspection by private appointment.

Note: Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent

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Property History for 54/172 William St, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$360,000
21 Jan 2022
  • 21 Jan 2022
    Sold for $360,000
  • 26 Apr 2019
    Listed for Sale Contact Agent
  • 12 May 1997
    Sold for $192,350
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 64,235 properties. Over the last 5 years, Houses in Melbourne have seen a 33.17% increase in median value, while Units have seen a -4.37% decrease. As at 28 February 2026:

  • The median value for Houses in Melbourne is $1,808,781 while the median value for Units is $436,528.
  • Houses have a median rent of $650 while Units have a median rent of $675.
There are currently 255 properties listed for sale, and 182 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2769 properties were sold in the past 12 months in Melbourne.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

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